Why We Invested · Andreessen Horowitz
Why the firm invested
a16z led Rewind's Seed round based on Dan Siroker's vision and drive previously demonstrated during their investment in Optimizely.
We saw this vision and drive in Dan when we invested in his first company, Optimizely, and it made leading Rewind’s Seed round an easy decision.
Product
Rewind compresses tens of gigabytes of recording data into megabytes and leverages Apple's chips to maximize efficiency and performance.
The application compresses tens of gigabytes of recording data into mere megabytes, and takes full advantage of Apple’s new chips to maximize efficiency and performance.
Traction
Tens of thousands of people used Scribe, the original iteration of Rewind, to record and index their meetings.
Tens of thousands of people used the original iteration of Rewind, called Scribe, to record and index their meetings, but cofounders Dan Siroker and Brett Bejcek had bigger plans.
Team
Rewind was cofounded by Dan Siroker and Brett Bejcek.
Tens of thousands of people used the original iteration of Rewind, called Scribe, to record and index their meetings, but cofounders Dan Siroker and Brett Bejcek had bigger plans.
What founders can learn
- What actually moved the decision: Andreessen Horowitz wrote that a16z led Rewind's Seed round based on Dan Siroker's vision and drive previously demonstrated during their investment in Optimizely.
- The traction evidence that carried weight: Andreessen Horowitz wrote that Tens of thousands of people used Scribe, the original iteration of Rewind, to record and index their meetings.
- How the team was judged: Andreessen Horowitz wrote that Rewind was cofounded by Dan Siroker and Brett Bejcek.
Source and provenance
Why We Invested published by Andreessen Horowitz on a16z.com (first-party source). Read the original
